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Waterfront · Condominium
$3,780,000$1,439 / sqft
5500 Island Estates Dr # 506, Aventura FL 33160
Listed
3
Bedrooms
5
Bathrooms
2,626 sqft
Interior
2017
Year built
$4,926 / mo
HOA
Condominium
Type
About this home
Amazing waterfront residence at PRIVE CONDOMINIUM situated on a private island surrounded by water. This unit features a flow-through layout with 3 bedrooms/4.5 baths and family room/Den. Enjoy breathtaking ocean views, Intracoastal, and city skyline. Fully furnished apartment. Prive offers world-class services, top-notch security, and amazing amenities, which include an impressive and modern fitness center, 2 swimming pools and pool bar service, wine and cigar lounge, 24-hour concierge, valet service, tennis court, full-service marina and much more. Property currently tenant-occupied; tenant. will vacate. on June 26, 2026.
Features
- Lobby
- First Floor Entry
- Closet Cabinetry
- Cooking Island
- Custom Mirrors
- Other
- Tennis Court(s)
- Bay
- Ocean View
- Direct Ocean
Leasing
- Minimum lease
- 180 days
Run the numbers
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for 3-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $3,250–$12,000.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management
Cap rate
Cash-on-cash
Monthly cash flow
Net operating income
Enter property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. We are not a lender and neither offer nor arrange financing. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.